NYSE Pays a Paltry $5 million Fine for Giving Private Customers a Trading Head Start

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At spectrum.ieee.org

The U.S. Securities and Exchange Commission (SEC) announced that it had administratively fined the New York Stock Exchange (NYSE) $5 million (pdf) for allowing its private customers access to stock market information ahead of when it was available to the general public. This occurred from June 2008 to about mid-May 2010. The fine amounts to about a morning's worth of revenue for the exchange.

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At spectrum.ieee.org


 

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